Pumps, valves, and process equipment distributor Fischer Process Industries (FPI), Loveland, Ohio, this week announced the acquisition of H. E. Danby Co. Inc., an Indianapolis, Indiana-based distributor. Financial terms of the deal, which takes effect Aug. 2, weren’t disclosed.
H. E. Danby’s previous president and owner, Cary Corcoran, said the acquisition should further amplify business initiatives by improving the company’s ability to meet customer product needs and service repairs.
“We feel that this is a great opportunity for us to continue and improve on our abilities to be of service,” he said. “I have been part of the organization for 45 years and look forward to my continued interaction with our customers.”
Corcoran will join Fischer Process Industries as a sales and product specialist for filtration products. Several other members of the H. E. Danby will join Fischer Process Industries.
“This 74-year-old company has made outstanding strides in the pump and service industry,” said Ken Fischer, president of Fischer Process Industries. “Cary and team members visited our Loveland headquarters facility last week for an initial meet-and-greet that went very well.”
H. E. Danby served as the Gorman-Rupp industrial centrifugal pump distributor for most of Indiana, and a complete line of filtration equipment (FilterTech, Eaton, Graver, and more), and other pump products, including Aurora centrifugal pumps, that will now be re-assigned to Fischer Process Industries. There will also be a fully equipped and complete shop that will allow FPI to expand service options and capabilities in the Central Indiana market.